James Crombie

New York

Host at The Credit Edge by Bloomberg Intelligence

chronicles of capitalism @business. occasional British malarkey. views own, RT not endorse. Present fears are less than horrible imaginings.

Articles

Real Estate Debt Crunch Looms as Loans Come Due, Says Hines

6 days ago | news.bloombergtax.com | James Crombie

Property markets, particularly in the US, are headed for trouble as the economy slows and interest rates stay high, according to Hines, a global real estate investment manager. “We will probably see a bigger wave of assets in distress,” if there’s stagflation, Alfonso Munk, who runs the firm’s debt business, said on Bloomberg Intelligence’s Credit Edge podcast. Aggressive US trade policy has unleashed a wave of uncertainty across the economy, shocking markets.
Real Estate Debt Crunch Looms as Loans Come Due, Says Hines

6 days ago | news.bloomberglaw.com | James Crombie

Property markets, particularly in the US, are headed for trouble as the economy slows and interest rates stay high, according to Hines, a global real estate investment manager. “We will probably see a bigger wave of assets in distress,” if there’s stagflation, Alfonso Munk, who runs the firm’s debt business, said on Bloomberg Intelligence’s Credit Edge podcast. Aggressive US trade policy has unleashed a wave of uncertainty across the economy, shocking markets.
“apuesta Trump” apoyará al mercado crediticio corporativo

1 week ago | msn.com | James Crombie

Microsoft se preocupa por tu privacidadMicrosoft y nuestros proveedores de terceros usan cookies para almacenar y acceder a información como identificadores únicos para entregar, mantener y mejorar nuestros servicios y anuncios. Si está de acuerdo, MSN y Microsoft Bing personalizarán el contenido y los anuncios que vea.
‘Trump Put’ Will Limit Corporate Bond Spread Widening, BofA Says

1 week ago | bloomberg.com | James Crombie

(Bloomberg) -- Credit markets can expect support from the White House that will limit the extent of spread widening this year, according to Bank of America. “The Trump administration has demonstrated that they are sensitive to the negative impacts of tariff policies on markets and, ultimately, the US economy,” BofA credit strategists led by Yuri Seliger said in a May 2 note.
Fridson Sees High-Yield Bonds in Distress When US Recession Hits

1 week ago | news.bloombergtax.com | James Crombie

A lot more high-yield bonds will trade at levels typically associated with distress when the US economy slumps, according to Marty Fridson, chief executive officer of FridsonVision High Yield Strategy. “I have high confidence that we will get back to 1,000 basis points on the high-yield index as a whole at the worst point of the next recession,” Fridson said on Bloomberg Intelligence’s Credit Edge podcast.
Fridson Sees High-Yield Bonds in Distress When US Recession Hits

1 week ago | news.bloomberglaw.com | James Crombie

A lot more high-yield bonds will trade at levels typically associated with distress when the US economy slumps, according to Marty Fridson, chief executive officer of FridsonVision High Yield Strategy. “I have high confidence that we will get back to 1,000 basis points on the high-yield index as a whole at the worst point of the next recession,” Fridson said on Bloomberg Intelligence’s Credit Edge podcast.
BlackRock Sees Credit Market Risks Rising As Trade War Rages On

2 weeks ago | fa-mag.com | James Crombie

Risky corporate-debt markets have room to drop further to reflect damage from the ongoing trade war, according to BlackRock Inc. “We’re likely to see spreads widen from here as we see further deterioration in risk assets and in overall credit quality,” Mitch Garfin, the firm’s co-head of leveraged finance, said on Bloomberg Intelligence’s Credit Edge podcast. Junk debt fell by the most since September 2022 earlier this month as the US unleashed unexpectedly aggressive trade policies.
America Is Last in Credit as Foreign Buyers Flee: Macro View

2 weeks ago | bloomberg.com | James Crombie

(Bloomberg) -- Add credit markets to the casualties of America’s global trade blitz. US corporate debt is lagging other regions and risks falling further behind as the economy cracks and rates stay high. Risk assets greeted the November election of a perceived pro-growth, pro-business president with glee. But since Trump’s January inauguration, American credit has weakened, while the rest of the world gained.
America Is Last in Credit as Foreign Buyers Flee: Macro View

2 weeks ago | news.bloomberglaw.com | James Crombie

Add credit markets to the casualties of America’s global trade blitz. US corporate debt is lagging other regions and risks falling further behind as the economy cracks and rates stay high. • Risk assets the November election of a perceived pro-growth, pro-business president with . But since Trump’s January inauguration, American credit has weakened, while the rest of the world gained.
AMERICAS DISTRESS DAILY: Hertz Eyes $500 Million Debt Raise

2 weeks ago | news.bloomberglaw.com | James Crombie

Inc. is seeking to raise around $500 million of secured debt and exploring other options, including an at-the-market equity offering, to manage a litigation settlement and extend its revolving credit facility. • The company has more than $6 billion of total debt, amid a widening yield gap on its secured term loan and bonds. • It’s also exploring other options including raising equity through an at-the-market offering, said other people, all of whom asked not to be named as the talks are private.